The Federal Government launches the MSME and Manufacturing segment of the Presidential 200 Billion Naira Fund.
According to a Tweet by the Minister of Industry, Trade and Investment, Dr. Doris Uzola-Anite, the programme aims at bringing succour to the plight faced by Nigerian Entrepreneurs and Manufacturers following the removal of fuel subsidy.
See How to apply below
🔗 Apply: fedgrantandloan.gov.ng
💡 With the applications for the Presidential Conditional Grant Scheme now closed, we are thrilled to start the loan disbursement for MSMEs and the manufacturing sector, aiming to boost economic growth and industrial development.
🌱 Fund Allocation:
– 75 Billion Naira for MSMEs
– 75 Billion Naira for Manufacturing
🎉 Initial disbursements to nano businesses have shown great success, supporting 1 million nano businesses across Nigeria. More beneficiaries will receive their grants this week.
🏦 More Info: Visit your local state Bank of Industry branch or find details in the attached PDF.
🛠️ Loan Details:
MSMEs: Up to 1M Naira
Manufacturers: Up to 1 Billion Naira
🤝 Let’s strengthen our industries, create jobs, and drive national progress. Your business growth is vital to our nation’s future.
